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Kiki Torches - Share Your Thoughts...

Kiki Torches - Share Your Thoughts...

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Kiki Torches - Share Your Thoughts...

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Dear Crowdholders, If you're not yet familiar with Pitch Investors Live (and I know many Crowdholders are by now) it's essentially Shark Tank, online, with cryptocurrency elements (being built upon Ethereum).  And as per my previous tasks, I'll be presenting you here with another product that was recently pitched for investment, live, on the platform.  And asking you to assess and share your thoughts both on the product, and as to whether, or not, from the perspective of an investor, this might be a company that you might hypothetically choose to invest in...

Today I'd like to introduce you all to "Kiki Torches".

Pitch summary:

Hi Gina here! The inventor of a one amazing product that can be used for all outdoor occasions. Let me introduce you to: Kiki Torches - Kiki Torches is a one-of-a kind Personalize-Able Tiki Torch. A picture, graphic or logo can be inserted into the clear cylinder, while being protected from the flame. The picture, graphic or logo can be changed out to whatever you desire. You can download, or create any image onto an 8.5” x 11" "landscape” or "horizontal” piece of paper - you now have yourself a Kiki Torch.! Kiki Torches comes as a kit in a suitcase box with a handle, 3 poles for a 1, 2, 3 Kiki heights! There is so much more- call me! Let’s chat about what a fun fresh idea in this product category! I’m asking for $125,000 for 10% of my business to get to the next step that includes my first mass production, the Kiki Oil as well as boxes and space to fulfill orders. Join me on this amazing journey and let’s Kiki together!!!    And you can watch Kiki Torches pitch in full with "The Millionaire Maker", Loral Langemeier: HERE.  

Take a look at Kiki Torches website and conduct any other research you consider relevant, and then share your thoughts below.

Is this a product you might use or buy?  Where or when might you use it?  Is there potentially a big market for a product like this?  Could Kiki Torches make for a great investment?  And any other thoughts you might have... 

What do you think Crowdholders, are you in, or are you out?  


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67 COMMENTS 248 VOTES

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6 months ago

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6 months ago

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6 months ago

The product is very good and from the pitch, it is a very versatile product that can be used for many different purposes, i will surely use the product in my events and parties if i can find it and also invest in it because it will surely go big.

6 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

Nice one raph nice to see you here.

6 months ago

thanks naruto.

6 months ago

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NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

Hope you will come earlier next time.

6 months ago

First, I wish you big success.

Now, let's talk about this

Is this a product you might use or buy? 

Yes, definitely. 

Where or when might you use it? 

I have some presentation and I need something unique for atmosphere in a meeting, so Kiki would perfect fit.

Is there potentially a big market for a product like this?

Yes, you need just time to spread your product and more marketing investment.

Could Kiki Torches make for a great investment?

Of course, you have an idea!

And any other thoughts you might have... 

Try to improve your website.

6 months ago

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6 months ago

Nikolay Dex new user

Like any other product, he certainly can find his consumer.
But you should not count on mass use.
Of course, you can use the product in the sector of entertainment, parties and so on, but how great will be the demand among the general population remains a question.
And again, the unit price is quite high, I think it’s not possible to reach a large audience

6 months ago

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6 months ago

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6 months ago

TOM STEEL guru

The product is good and I like the idea behind it, a very simple design that can be used to do a lot and to go to a lot of places.

a. i will surely buy the product if i can find it in the local shop near me since i can be used for a whole lot of different processes and places and events i think that i will surely use it when I come across it, even if it is not sold close to me but i will be able to buy it from anywhere and get it delivered then surely it will be a great option to use.

b. where depends on where i find it, while when depends on when i see it, or when i need it. because i would like to have it handy.

c. there is surely a big market for this product because it can be used for different kinds of activity.

d. it will surely make a great investment and would be a very project to follow up also.

6 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

i like the product.

6 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

the product has a very wide variety of uses.

6 months ago

early comers to the tasks.

6 months ago

very good product though.

6 months ago

great comment tom.

6 months ago

John Doyle new user

I think this is a great idea for everything from small family events too big events. The idea of being able to put whatever you want inside for marketing and advertising purposes is a great idea to promote your business or whatever you might want to promote. I live in Florida and there's a lot of mosquitoes here so you might want to add the option of citronella oil for burning to keep the mosquitoes away. Other than that I think it's a great idea and should be beneficial for companies and families alike. Thanks

6 months ago

Louay Jeroudiah new user

1. I think the product is not so much clear and I can't think of an occasion when I will use it.

2. It may need big outdoor events to use such products and maybe wedding/evenets planners could be interested in it.

6 months ago

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6 months ago

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6 months ago

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6 months ago

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6 months ago

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6 months ago

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6 months ago

just imagine in a meeting like a beach party, companies and projects can pay the shop vendors there or the bar there to burn this touch and put their company or flyer project in it, I would say that this will definitely attract the attention of people

1. Very good to have, and be the first to start

2. It is very good to be a good foot when everything is too hard to step

3. There must be a market that is still open to all people

4. From the look it is very good it will definitely make a big investment and don't need too many ads to be good

5. I like the existing products and look forward to the next

success that will come your way and the work you launch

6 months ago

Peter van Wingerden new user

Strategic Marketing professional with a heart for innovation and sustainability

I would not consider to buy a torch right away as a private person. I do however think that it is very interesting for specific events or specific occasions where a tailored image is wanted such as burials, churches (where they have seasonal theme's), marriages, conferences and such events. 

I would suggest to focus on event organizers at first as they require high customization and order larger numbers. 

Start doing some research in the retail market at the same time by offering your product to friends and family and collect feedback. Maybe starting a small pay in advance crowdfunding campaign as a marketing and research instrument is also an idea as you do not want to measure intention but real action instead.

6 months ago

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6 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

this is a very good product and i think that it will go a long way it will surely be advertised and used by many, these are some of my reason:

1. it can fit into use in many different occasions.

2. it is a great means of advertisement in those occasions.

3. it is easy to use and set up.

4. it has a very catching medium: the flames.

just imagine in a gathering like a beach party, companies and projects can pay the shops vendors there or the bar there to burn these touch and put their company or project flier in it, i will say that this will surely draw the attention of those that are around it.

so this will surely go far and owning to the fact that it is "cool" i will say that a lot of people will adopt very fast. and also by putting a glass conical case around it to channel the flames and smoke it can be used in the indoor party also, kept near the window or fireplace.

6 months ago

TOM STEEL guru

the product is simple and good.

6 months ago

TOM STEEL guru

i will buy it and use it for a show too.

6 months ago

great comment raph.

6 months ago

will surely use the product if i can find it.

6 months ago

Kim R new user

In general, I love the idea of branding Tiki Torches with the name of an event, company, or occasion.  I could see this as being used personally (weddings, birthdays, anniversaries) or professionally (trade events, parties, company picnics).  It could be used to add a lovely sentimental message (Ex: "Mark & Kim -  Love 2020"), act as a company advertisement and basic branding for sponsored events (Ex: "XYZ Company"), or even just be an incredibly useful tool to let people know they are in the right place or at the right event (Ex: "XYZ Company Picnic 2020").  I could see this idea as being a very popular thing that becomes a marketplace standard.

For your product as stated, however, I do NOT think it would make a good investment.  Based on your price point of $70 per torch, I don't think your product represents a good value vs. competitive offerings, and I believe it could not command anywhere near that premium vs. other offerings already on the market.  A quick Amazon search brings up various LED tiki torch options with flame effects for a price point of about  $10 - $15 per unit.  Since LEDs run cool adding similar personalized messaging would be an easy customization.  Even on classic Tiki Torch, this type of branding could conceivable be added on top of the classic wicker outside layer offered on so many Tiki Torches. 

Since I don't believe the idea of adding messaging on a Tiki torch (as a generality) could be successfully patented, if your product was successful, it would be very easy for a competitor to add a picture sleeve to an existing led torch and significantly undercut your price.  Based on that, combined with a safety trend towards LED (vs. live flame products), I don't believe you could carry a price premium of more than $5-$10 per item.  For me to think this has a chance at sustainable commercial success, customer price point would have to be $25 or less per torch.

The link you provided to the "Kiki Torches pitch in full with "The Millionaire Maker", Loral Langemeier" is currently broken, so I couldn't see your cost point or product margin information,   For me to even consider this investment.  It would have to still show compelling profitability at a $20 customer price point for me to invest my money in this endeavor.

6 months ago

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6 months ago

To answer the first question, I absolutely would use this product. As an innovator and creator I naturely have an interest in this, to be completely honest anyone who is anyone with a vision needs investors. I myself have been struggling with this as I have many inventions products that need backing. If you have a good product and show your capabilities as for ambitious means you have drive. In saying that it is so hard to find investors and I'd rather not go to shark tank as I'd like to build the brand, then showcase on YouTube after licensing. Then maybe go on shark tank to turn down there offers and get the publicity. Anyways yes I will be using this product. The fact as using cryptocurrency has I higher interest rate which in turn infracts less fees and more capital to show fast return s to investors. KIKI TORCHES my business email is dalmatians@protonmail.com My name is B Vail, get ahold of me to talk business.

6 months ago

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7 months ago

Is this a product you might use or buy? Of course, if it is admitted to my region and I have to organize big events, I will buy it because it will be good to ride during birthdays, meetings and parties.

Where or when might you use it? As I said in the previous question, the Kiki Torch will be fine during the large events, it will also be very good during the parties at home, for the programs that take place at night, shows, festivals, etc.

Is there potentially a big market for a product like this? Surely there is a large market and especially in places where there are an active and high presence and networks of contacts.

Could Kiki Torches make for a great investment? From the point of view of population markets, it will surely be a great investment. If it is addressed to event organizers, production houses, etc., it will be a great investment since it can be incorporated into its concepts.

And any other thoughts you might have... Interesting idea and project guys. Good luck!

7 months ago

interesting thoughts dear, are you working on an events company?

7 months ago

I work in it!

7 months ago

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Primoz Obolnar guru

Crypto enthusiast and in love with travelling

I checked the product and web page. Regarding the product itself, torches like that are not really popular in my country (Slovenia), so I do not see myself or any of my friends using it. 

In my country I doubt that there would be any sensible market for that product. But I believe situation in USA may be different, because of different traditions etc. 

I have also some concerns about the price, I doubt that great many people would be willing to buy torches for money like that, since it is fairly expensive. I believe that it would be niche product even in USA.

So in the end this is a product I would not invest in. 

7 months ago

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7 months ago

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7 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I get to post finally after Google's unnecessary shutting down. Thanks, Ethan for getting the site back up.

I had wanted to overlook Kiki Torch until I visited the website. It's impressive. I nearly made the mistake of judging a book by its cover. Also, the site seems to reveal more about what the torches are capable of.

-- Is this a product you might use or buy? 

Personally, I have no use for a Kiki Torch. I think the function of the torch becomes prominent when used for mass purposes instead of individual ones. With respect to buying them, however, I think if I organise a program that demands something creative I might opt for it - that is if I can get it at my location.

--Where or when might you use it?

The Kiki Torch will fare very well for programmes held in the evenings. So religious meetings held in the open (such as church services), musical performances/shows, bonfires, festivals and other processions held in the evenings.

--Is there potentially a big market for a product like this?

Yes. At first sight, there seems not to be though. However, when you consider the number of musical shows, festivals, religious meetings and other processions held in the US, there truly is a big market for Kiki Torch. With the right contacts, networking, connections and marketing, this can really blow up.

--Could Kiki Torches make for a great investment?

With the right target market as I've described above, yes they can.

--And any other thoughts you might have...

Kiki Torch could do well with influencer marketing. Most people might not really take notice of this but if some Rihanna or 2Chainz used this for a show you know what would happen right? As an investor, never put this off your radar because "you feel it won't make it".

7 months ago

Sam BTC guru

Just a common Crypto enthusiast.. Wait crypto is not common it's special :)

I was wondering where did De Gem go. Good to see you back :)
Even I am having problems accessing crowdholding site for the last few weeks, so I posted super later for the recent tasks.

7 months ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Hahaha. Thanks, Sam for checking up on me. I'm glad you actually await my responses. You're great on this platform too. Crowdholding is a part of me now. If I leave for 10 years I return to provide a response on all the tasks I missed. I can promise you that.

6 months ago

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Xport soft new user

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7 months ago

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7 months ago

1. I might use or buy it but can't think of an occasion when I will need it. I can think is possible cases but don't see myself there.

2. I wild definitely use it for an outdoor event, maybe night beach or a night party in the park.

4. Honestly I don't envisaged a huge market for kiki torch at the moment since majority of events are indoors.

5. It makes great investment based on your target group. If you target event organisers, production houses etc, it will be great investment since it can be incorporated in their concepts. But if you target individuals, it might be risky.

 

I will be into though

7 months ago

Sam BTC guru

Just a common Crypto enthusiast.. Wait crypto is not common it's special :)

I went through the site and must say you have done a good job at marketing. The site looks impressive and the videos you have loaded are nice. Coming back to your specific questions, following is my feedback:

  • Would I use it?- No, had it been a digital product running on batteries and having a bluetooth function to integrate with photos with my phone I would have definitely tried. Using something which uses flammable oil is a big no for me as transporting it will be a hassel and I can not leave it around small kids.
  • Potential Market? Personally I have strong doubts that there is a big market for it. I don't see any of my friends, family or colleagues going for a thing like a flammable torch. Did you do a market research with a sample survey to see if anyone would be willing to spend a decent amount onInvestment this?
  • Investment? Don't think so. When you invest in something you look at what value it gives you. How many times and how frequently will you use it. What is the appreciation in it's value you see it in the future. Looking at these factors I will not really consider this an investment.

In summary looking at what kind of innovative products are getting launched these days a fuel based torch will struggle to gain popularity. I will advise you to focus on renewal energies like solar and make products convenient to store and transport. Having option to digitally integrate with your mobile or laptop will be a bigger plus rather than using paper.

At present I don't see many buyers of $100-$400 fuel torch in my social circles.

7 months ago

Ivan Leon new user

Ubikalo Team co-founder and active as crypto educator for 2 years in the streets

Checking Kiki Torches website I can see It is a product I would not buy.

There are many similar options a lot cheaper and/or with other features

A business networth , $1.25 million seems a lot .

Kiki Torches with custom images cut off its performance for outdoor activities, why someone would buy this for camping if there are alternatives simpler and cheaper?

I would suggest:

- simpler product

- lower prices

- lower business valoration

- more products

I would not invest here.

 

7 months ago

These torches are indeed a great thing to have if you enjoy the outdoors. Especially here in South East Asia, mosquitoes are everywhere and going camping with these would be an amazing thing to have with you. Not only camping however even if you BBQ parties where your guests gets to stand around one of the torches and just chit chat away thru to the night. 

A pretty solid product, congrats on making it and I do hope that its well received by everyone. Cheers

7 months ago

The product is nice it is easy to use, and it is also very nice and beautiful to set up.

1. surely if it is available in my area i will buy it, because it will good to setup during birthdays and parties.

2. it will very good during camps and also very during parties, it will also be very good during an open-air inside the house party, it will also be good to use on slow-moving camp vehicles.

3. there is market surely and especially in places where there is an active-high life presence among the old and young.

4. from the look of it, it will surely make a great investment and does not need too many advertisements to go viral because it will surely make its own adverts.

5. i like the product, just like to know the type of oil that is used for the torch.

7 months ago

TOM STEEL guru

very good rapheal.

6 months ago

TOM STEEL guru

i like the product looking good.

6 months ago

NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

yes, it looks very good.

6 months ago

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NARUTO RAPHEAL guru

I am a Mechanical Engineer with expertise in power and Mecha-tronics. An Entrepreneur

very good product to use.

6 months ago

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7 months ago

Mozes Szilard senior

After checking their website, I had mixed feelings. Looks like a promising product, simple yet fancy. This fanciness can be seen in it's price as well, that is the only thing why I personally wouln't invest too much in it, because I do not have the necessary financial background for it, but as others mentioned before, the rich folks would 100% invest in it. 

If they would build a shop with more items, and a lower price, I will invest in it, if I would need to buy this kind of items.

 

 

7 months ago

It's kind of tasking to know exactly what the product Offers. I had to go through twice to get the full picture. 

I don't know what the market for a touch like that. If had to guess, I say there is none. However, that may not mean much where the market is created. The question then is on the possible demand for a tiki touch.

I would not be interested in investing because I don't foresee a favourable market for it. 

7 months ago

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7 months ago

dr dent18 guru

Its looking like a very good product. But there are many other customizable gift options already available in the market. The website background looks very bad and requires immediate re-design. The cost is too damn high for my liking. 

7 months ago

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7 months ago

Karen M guru

I looked over the website and although this looks like a cool product, I would not invest. The price is very high for a tiki torch (even one where you choose your own design to insert) It does seem to be unique as I didn't see anything else like it when searching. I did see something similar, where wine bottles were used to make the torch and they are decorated on the outside. I realize you can't change out the design with the wine bottle but they are way more affordable. I could see the Kiki torches being used for a garden/outdoor wedding or other ritzy celebration. Also, I'm sure the rich folks would maybe buy them, but I don't think there will be a big market due to the cost. (Sorry).

7 months ago

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7 months ago

Sertan Ala guru

Its a product that i may buy from a shop if can see it. I am not sure ıif you can sell mass amoount of this Kiki Torches. I hope succces you funding need.

7 months ago